Feenstra, Robert C.; Shiells, Clinton R. - 2021
aggregate U.S. import demand is reduced from 2.5 to 1.7, or about halfway to unity. Our estimates suggest that the aggregate …The purpose of the paper is to measure the potential bias in the U.S. import price index due to the appearance of new … import demand. Existing import price indexes are based on a sample of products from importing firms. We argue that if the …